About your Search

20121129
20121207
STATION
MSNBCW 14
CNNW 7
CNBC 5
FBC 4
CSPAN 3
MSNBC 3
KQED (PBS) 2
CNN 1
KQEH (PBS) 1
KRCB (PBS) 1
LANGUAGE
English 52
Search Results 0 to 49 of about 52 (some duplicates have been removed)
show" from new york. president obama has john boehner boxed in and is done playing games. now it's getting good. this is "the ed show." let's get to work. >> let's allow higher rates to go up for the top 2%. that includes all of you. >> the president holds the line on taxes and draws the line on the debt ceiling. >> i will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from
risky is it for boehner to take on the tea party? >> well look, he can't respond to obama by simply saying nothing or stomping his feet. so he did come back with a plan. he said this is not my idea. i'm just cutting and pacing and pasting the stuff that he said. he said we could get $800 billion from limiting deductions or capping them, but he does not specify what they are. if you think there was people throwing a fit in washington today, wait until they come out and say this means getting rid of the mortgage deduction that people get on their mortgages or giving money to their church or university, that's where the money is in deductions. that's something that a lot of people use and it has very powerful support in the country washington and the country at large. >> jennifer: if you do that by closing loopholes you still can't come up with enough money unless you basically eliminate them right? >> right, and you know, it's a few $100 billion perhaps. again, i don't think it's sort of asymmetrical warfare. the obamas put together a plan. if you jack up the rates on the top earners
with the president, to get serious about solving this problem. >> but president obama says john boehner's presence is not the solution, it's the problem. >> the holdup right now is that speaker boehner took a position, you think the day after the campaign, that said, we're willing to bring in revenue, but we're not willing to increase rates. and i've just explained to you why we don't think that works. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process. now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of
between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> we look back republican senator rand paul from the state of kentucky. senator paul, welcome, as always. i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >
the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican p
pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hi
president obama and john boehner spoke for 15 minutes last night. i just bumped into a senior leader among senate democrats and asked him how he felt about this news and he said -- he was more optimistic about these negotiations today. he thought perhaps this man the speaker and the president were exchanging proposals on avoiding the fiscal cliff, john boehner has a press conference at 11:30 after his meeting with tim geithner. connell: we will speak with -- see what the speaker has to say. with all this back and forth, a decent amount of speculation that a deal is starting to take shape. look at the reporting from politico and they put numbers to its save a framework looks like this. taxes for revenue would rise by $1.2 trillion. families making them to $50,000 would see higher taxes which we have been expecting and entitlement programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico i
of euro/dollar. obviously here reid's comments sent the euro in the risk trade back. obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a triple top setting up. those do not hold. i like the trade up towards a test of that october high. >> i'm surprised you don't think the yen is a better trade at the moment. there's a lot of chatter everywhere else about it. >> it's a great point, simon. you know, the boj is doing everything they can to end their 13, 15-year deflationary cycle. my thought on that is you don't get hit by the train you see coming. i feel like the market is so focused on the short yen trade, i think it could work in the short term. you could
might be stuck. a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make m
. the market practically hugging every word that comes out of washington whether it is president obama making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there is a decline, what will happen if congress recesses without a bridge to get us over the fiscal cliff the market will go down precipitously perhaps 1000 points and it will be the markets way to say let's come back, you made the mistake like they did four years ago. tracy: the market dropped 1000 points or what have you, get in? >> to be a generational buying opportunity. this is based on congressional ineptitude. the fact is the economy has a tail wind, the market is fundamentally attracted, the valuations a
to be struck between president obama and speaker boehner. and those are really the two people to watch. and their staffs right now. of course, mitch mcconnell will play a key role in bringing around senate republicans, excuse me. but it's really between the house republicans and the white house at this point. you know, we have to watch and see what they do. i think there's a lot of public posturing. but i do think that all these people have been at this table before. they're very familiar with the contours of what they will agree to from the debt ceiling negotiations. and so it's really just a matter of getting closer and closer to that deadline, having the markets start to freak out and then realizing that they have to come up with something. >> seems like there's a lot of public theater going on with this one. >> quickly on michael's point, if the mandates for compromise, accusing the democrats of being wealth destroyers probably doesn't move the compromise needle very far. >> michael, zachary, nancy, thanks to all three of you. i appreciate it. >>> developing now, this story we need
that yesterday. speaker boehner and president obama spoke yesterday for the first time in a week. for the first time, we're actually getting some discussions. of course, this doesn't necessarily mean they will solve them tonight. but they are talking about it. >> neil: rich, if you could have played along with the theme. you mentioned they spoke yesterday. it argued we respond immediately to the top of my show, superhero proposals. >> the new lines of communication are now open because of the top of the show and the news came out during your show. >> neil: good answer. sandra, in all seriousness, now they have to bring what appear to be significant gap. time wasting. >> time is wasting. who shocks me is the market is floating higher despite at all. >> neil: what if we don't get a deal? >> the market want to deal because they want to move on. they don't like the urn certainty. the cliche, the markets that it uncertainty. we heard that about the election, too. stocks went nowhere for a while. even is in a wait and see mode. payment have done things to alter taxes. the business and the market comm
page. president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting ag
and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do the best for the american people. and already has done severe damage to the economy. now we have democrats who want to suck money out of the economy in tax and we have rhino republicans in name only who wants spending cuts. both those things will do damag% to the economy and any compromise will damage the economy and push it further into deep recession. neither side discusses the real problem which is the enormous costs of big government. cost in money and regulations and intrusion. neither side discusses that because the
to an agreement with president obama and speaker boehner. what ever can be done now to get to that process, the sooner we get there, the better off we will be. will we get the year before the new year? i do not know. -- there before the new year? i do not know. but one reason it is good to look back at andrews is that help us get to an agreement. we had problems, but we essentially got there. that is the precedent that i think should be taken. my last point is value -- he went to the dark side, a joint cbo, then for most of the past 10 years i have been in the international budgeting community. i want to say that particularly to the gentleman on my right. and this is a tremendous value from tthat is not recognized ine u.s. the value is the spending caps. by spending caps, i mean not and taxg-go expenditures. that has served as a precedent for a number of countries that have had successful fiscal experiences since. they include sweden, switzerland, holland, chile, finland. it does not include the european union. the european union is still -- they are still suffering from it. i do not think
a crisis but it will require even more skill than talks between obama and boehner. >> i remember after reading k s kissi kissinger's book on china, a fascinating world view we are sort of evangelical about spreading democracy. china sees themselves as the center. no, you come to us. i said, is that true? do the chinese not want to sweep into europe? he said, no, you understand what the chinese want, look at the gdp number. it has to be at 9% or 10% or they feel they lose dprip on power. >> the narrative to any family in china if you look back about ten years they're better off. that's when the real problems set in. >> what are the poll outlets or ways that this country, that america can have sort of a resurgence in manufacturing. >> the natural gas boom and things like that placing an emphasis on speed. if you have an idea for a new product you want to get to market five weeks from now, it's possible to do that better in california, in texas and boston rather than going to hong kong. >> that's very -- >> you did mention on the list one of the things that the obama administration loves
. treasury secretary timothy geithner met with house speaker john boehner and laid out a detailed list from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, president obama is offering republicans $400 billion in entitlement cuts over ten years. still to be negotiated. mr. obama also wants emergency unemployment benefits and a temporary payroll tax holiday extended along with the infrastructure spending and mortgage relief, the price tag for the president's stimulus bill could rise to $50 billion or more. after meeting with secretary geithner, speaker boehner said he didn't see any sign of compromise from the white house. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the w
it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic position is no changes to social security, no changes to medicare, no changes to medicaid, yet the mainstream media all you hear is three words: grover, grover, grover. all you hear is about republican intransigence on taxes. where are the stories about democratic intransigence on entitlements? it seems to me that what they want to do is go off the fiscal cliff, pocket the increase on the wealthy, the tax increase on the wealthy, and blame republicans for the middle class tax increases. and if that's what the
the two sides still sounded miles apart after talking to president obama last night for 15 minutes and meeting with secretary geithner for more than half an hour. john boehner said the two sides have made no progress on a deal. he wants to see more spending cuts from the democrats, but the democrats punch back and said it is republicans who aren't making any serious offer on more tax revenues. >> so right now all eyes on the white house. the country does not need a victory lap, it needs leadership. tell the american people with spending cuts they are willing to make. >> if it happened, it will be under the leadership of the house. for a balanced agreement, we need republicans to come forward with something. >> speaker john boehner said this is a moment for adult leadership, a stab at the president there. melissa: my goodness. i understand mitt romney is coming to the white house for that lunch. i don't know, what is everybody expect to come from that? >> the president said the president wanted to talk to governor romney about ideas to make it more efficient. praising the management
they go up to capitol hill meeting with senate majority leader harry reid and house speaker john boehner. >> let's talk about the negotiations themselves. president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the presi
at 10:00 a.m. and then with house republicans including speaker john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then house minority leader nancy pelosi. president obama is signaling he's flexible on on where tax rates should go for the wealthiest americans. a return to the clinton era tax rates would have households pay between 36% to 39%. the president met with a group of 14 ceos wednesday afternoon. they offered support for resolving the if i can crisis with a proposal for higher taxes for those who make more than a quarter million dollars a year. sdl bo >> both sides have acknowledged that there will be revenue concessions and sbilgtment cent concessio concessions. i'm not a master of the political art here, but i would say if you have these point of views in a business context as close as they are, i would say a deal would be in reach. >> ford chairman bill ford junior agrees with blankfein saying he's confident the obama administration can reach a deal with congress to avoid the fiscal cliff. but speaking with reporters in bangkok, he says the
at a stalemate. john boehner call this had a stalemate earlier today. president obama doesn't have any specific plans that the white house is reading out to talk to congressional leaders, but they say he will remain in contact with him in the coming days. >> kristen welker at the white house. thank you vyou very much. now to governor ed rendell. the optics of the president in the burbs is interesting. why did he choose the suburbs for this fight? >> these are traditional swing voter, voters who decide elections in pennsylvania. right now pennsylvania statewide elections are decided in the philadelphia suburbs. they're a decent demographic. not by any means poor people, but not rich people. they are the heart of the middle class, spexactly who the presidt is talking to. >> let's talk more about this proposal by the president. i want to just play a quick clip from harry reid from earlier in the week. here's what he had to say. >> remember we've already done more than a billion dollars worth of cuts. we've already done that. so we need to get credit for that and these negotiations that take place.
. the real work is being done behind three closed doors -- senator reid's, speaker boehner's and president obama's. host: we'll have to wait and see. thank you for talking to our viewers this morning. appreciate it. guest: thank you. >> reminder that you can see "washington journal" every morning at 7:00 eastern here on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> the house will hold a series of votes on suspension bills which would end their legislative week. we'll have votes on three bills coming up. the house is in recess right now and we expect them to return any moment. we'll have live coverage when the house gavels in here on c-span. real quickly, the senate gaveled in this morning at 9:30, offering general speeches during the day. this afternoon they'll take up a u.s.-russia trade bill. majority leader harry reid expecting to complete that bill today. they may also consider the nomination of michael shea to the u.s. district judge of connecticut and nomination of carol galante of california to be assistan
the hour. jitters for small business owners. president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. megyn: that was leon panetta with a warning that the united states and
-- boehner and six other house republicans, they insisted the election return obama to the white house and the gop return to the house requires both parties to come together in a fairground. but we know that didn't happen. i think everybody is aware, right, that it is the gerrymandering that has returned -- what they are calling middle ground is not middle ground right? >> it isn't middle ground and there wasn't a dead locked election. they forget a couple of things number 1 that there was an election, and the people spoke, and number two if you look at every survey -- i guess the second point is in this campaign there was a clear, clear outline by the president of where he stood, no secret. there had to be a continuation of the middle class tax cut, and an end of the tax cut for the very wealthy in -- in 2010 they got over 90%, the upper 1% -- 90% over that of the income growth and the third point, the surveys show after the election all of them -- that if you ask people should there be continuation of the middle class tax cuts? yes. should there be a continuatio
the phoneyness of the conservative movement because even if you consider where boehner and so-called moderates in republican party are, what they're offering, they're offering tax revenue increases most economists would agree are more harmful than what obama is proposing by raising the upper two brackets. and then this party that paraded around as the big deficit hawks, the guys that wanted to control spending, the only cuts they put on the table is playing at margins, increasing retirement age from 65 to 67 and adjusting rates for social security. this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.รง so this is an extraordinary position for the republican party to have evolved into. >> you must re
. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit balls. the latest on the stalemate and the democrat's upper hand. >>> mitch mcconnell gets ridiculous with his demands to weaken medicare. one of the architects of obama care responds tonight. >>> house republicans pass an immigration. bill democrats say is divisive and inferior. tonight, congressman javier pasara on why the latino community won't. be fooled. >>> the first fast food strike is historic. what you need to know about the lowest-paid workforce in the country. good to have you with us. thanks for watching. president obama knows his opponent is on the ropes and he's not letting up. the president took his tax plan agenda on the road today. he e went to a pennsylvania toy factory to focus on the people who will be hurt if the tax rate extensions are not passed for the 98% of americans. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here. your taxes will go up on january
by. >> the storyline on capitol hill is whether or not speaker of the house john boehner can hold conservatives, even as he is negotiating down the other end of pennsylvania avenue, as you say with president barack obama, the speaker making that $800 billion proposal yesterday, but that is not sitting very well conservatives up here on capitol hill. take a look at this statement from senator jim demint of south carolina, conservative republican. he said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more while not reducing our $16 trillion debt by a single penny. that's jim demint you can the con s -- the conservative senator. i talked to mitch mcconnell, the republican leader up here. he didn't seem as bothered by the boehner proposal. he told me i'm glad that they are at least talking and harry reid said something very interesting to me, the democratic senate leader. he said that boehner might be in a position now where he has to choose between keeping the speakership and protect country, very tough stakes fro
, the obama campaign has put together a reminder for americans and specifically republican americans. as it stands right now the white house has end kaltsed it will not respond to speaker boehner's offer unless the gop agrees to raise top marginal tax rates. the president did do a little explaining over twitter yesterday. asked, is there a minimum ratio of revenue increases to spending cuts that you're looking for or simply a balanced approach? the president responded -- don't expect 100% my budget, room to negotiate. if you include $1 trillion plus in cuts already made, rough balance between revenue and cuts does trick. i'm having a hard time translating the president's tweets. translation, i won't get everything i want but at least -- but i want at least as much in revenue as in cuts. he was asked as a homeowner, i worry deductions for homeowners are at risk. is that the case. the president replied breaks for middle class important for families and economy. if top rates don't go up, danger middle-class deductions get hit. the gop is holding middle-class taxes hostage i'm not. joini
need today. proven that it can be done. and we need president obama to come to the table, provide that leadership, the republicans are willing. speaker boehner is ready today. let's get the job done. >> all right. congresswoman kathy mcmorris rodgers. thank you for coming on the show. come back, glad you're there in the negotiations talking to everybody. >> eugene robinson, final thoughts this block? >> well, you know, actually congress and the president have agreed on a huge deficit reduction package. it's called the fiscal cliff. so, you know, in my darker moments, i think we're going over it, and what if we went over it and the world didn't end? that would be kind of interesting. we'd take a big bite out of the deficit and everybody's taxes would go up, but i think the sun would come up tomorrow. >> huh. >> we may find out. >> okay, little orphan annie. >> so, gene, do you think right now that's you advise the president to do if the republicans don't come forward with more specifics? >> if i'm advising the president right now i'm advising him to wait a while. and that maybe whe
in that awful tragedy of a storm. i am not -- i have not looked at mr. nadler's bill >> president obama spoke in pennsylvania today calling on congress to pass an extension of tax cuts for the middle class. later in the day, john boehner of s on to the president's comments. you can see both events starting at 8:00 eastern on c-span. in january, tax credits are scheduled to expire, along with tax credits for businesses. we look at the issue this morning on this morning's "washington journal." host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill -- basically reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. gues
be good. >> we're going towards the cliff. >> and so what happened is the election happened. obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and suddenly they get outraged apt are. and so they are back, they are going back to where grover norquist wants them to be because they are outraged because they feel they have been insulted is, that this is not a negotiation t a war. i think what had yesterday from the administration was a bit of negotiation incompetence because they pushed us, the psychological process the republicans were going through, which they have to go through has to be has been pushed way back. >> where do you think we are. >> i'm
obama is returning to a tactic that he's used in the past. he's taken the pitch on taxes directly to the american people in a trip to pennsylvania today. house speaker john boehner not so happy about it. let's listen for a minute -- >> listen, this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and one-sided leaks in the press are not the way to get things done here in washington. >> well, republicans are reportedly planning their own fiscal cliff pr campaign designed to show that the democrats are simply digging in, they're being stubborn, election is over, shouldn't both sides be focused on doing the job they were elected to do. how do you see it? >> look, you're going to have a bunch of rallying on both sides and some of this is theatrics. it's christmastime. you know how you tell your kids you have to be really good or santa's not going to give you what you want but you know you will buy them the new ps-3 anyway. that's what's going on. both sides realize it's political death for eithe
time following by a meeting with house republican leaders including john boehner, eric cantor and paul ryan. secreta secretary geithner will have lunch. yesterday there were a number of high-profile leaders who met with president obama at the white house including goldman sachs' ceo lloyd blankfein. >> at this time there's going to be revenue concessions and entitlement concessions. in fact, if you listen to it, again, i'm not a master of the political earth here. i'm in washington, but i would say if you had these point of views in a business context as close as they are, i would say a deal would be in reach. >> blankfein said that the president's plan is very detailed and seemed credible as you just heard there. let's get a check on the markets. the u.s. markets are indicating higher once again even after those gains yesterday. the dow up by 65 points. overseas in asia we saw some green arrows there as well everywhere except in shanghai. in europe this morning it's more of the same. a lot of what's been happening here influencing what's happening there as well. the footsie is up abou
at heritage. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner is already ready for $800 billion of ip creancre tax revenue. calculating deductions, eliminating loopholes. are you with the speaker of the house on that? >> unfortunately, the policies of the president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they already pared back plans and hiring for next year, anticipating what's going to happen. we can fix this christmas eve, if we want, but we've already hurt the economy and hurt job growth. >> are you with boehner? >> i am not with boehner. this government doesn't need any more money. this country needs less government. we are going to have historic levels of revenue to the government this year, but we've doubled spepding in the last ten years. >> everyone's taxes are going to go up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax r
Search Results 0 to 49 of about 52 (some duplicates have been removed)